6 Myths About Cloud-Based Security Services

File Folder Labeled Myths

Cloud based services are fast becoming the norm. But security concerns and misconceptions still permeate all industries. As a security provider, you should be aware of these. You’ll also want to know how to respond to each of these so that you can defuse concerns and reassure clients.

In this article we’ll discuss 6 cloud-based security myths, as well as the underlying truth you can share with clients to address potential concerns.

Myth 1: Cloud-Based Services Are Less Secure

The myth: Technology evolves fast. Cloud-based services have accelerated advancement across multiple functionalities. But with so many cybersecurity threats looming—everything from ransomware attacks to DDoS attacks—security professionals are understandably concerned about balancing the advantages of cloud-based functionality with top-tier security.

The truth: Cloud-based applications are typically quite secure, both in terms of cybersecurity and physical security. Most organizations will improve their overall security by utilizing cloud solutions.

However, each organization should take any regulatory obligations into account, as all cloud solutions will not be universally compliant.

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Myth 2: More Data Centers Means Greater Security

The myth: Some believe the more data centers a company has, the better. The thinking is that multiple data centers provide an enhanced level of security via repetition.

The truth: More data centers do not necessarily guarantee a higher level of security. In fact, lower quality service providers may spread their data over hundreds of data centers across the globe. Each of these will need both cybersecurity and physical security to ensure the data is safe.

In contrast, the most trusted, globally recognized cloud-based services tend to have fewer data centers. This allows them to focus their security efforts on fewer locations, enabling a higher level of security.

These providers are still able to offer redundancy, but without spreading themselves too thin.

Myth 3: Certifications Only Matter to Compliance Teams

The myth: Industry and government obligations are the responsibility of your compliance team. Cloud-based security providers have no compliance requirements.

The truth: Businesses should check if their security provider has the correct certifications. Do this before signing a contract.

Make vetting for certifications a priority. Add it as a step in your vendor selection process. If a provider can’t show them, they may not follow industry and government security standards. For example, look for an ISO 27018 certification. This ensures the provider has the proper controls to handle PII data. This is also a rule under the General Data Protection Regulation (GDPR).

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Myth 4: Your Security Provider Is 100% Responsible for Compliance

The myth: Some companies believe cloud-based security providers are responsible for compliance.

The truth: Your IT department is accountable for safeguarding company assets. They are also required to meet compliance obligations. This applies regardless of your cloud security provider.

Compliance has to be a top concern in every facet of your business process. You must invest the time and resources required to shape compliance policies and ensure regulatory responsibilities.

Myth 5: Cloud-Based Security Services Do Not Affect Your Cybersecurity Insurance

The myth: More companies are investing in cybersecurity insurance. It’s suggested that the cyber insurance market will be worth US$32.47 billion by 2027. This is up from US$5.95 billion in 2019.

Companies may not recognize the connection between their security provider and insurance premiums.

The truth: Insurance providers may offer a reduced cyber insurance premium. However, your business must prove that data is properly stored and compliant.

It benefits you to ensure your security vendor is compliant.

Double-check that they hold the required security certifications. Speak with your cyber insurance provider. They can tell you if you are eligible for discounted premiums.

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Myth 6: Business Always Benefit From a Multi-Cloud Solution

The myth: Some argue that a multi-cloud solution is the most beneficial. Why? Because they do not have to rely on a single provider and avoid lock-in contracts.

The truth: In some use cases, a multi-cloud approach makes sense. More often, it doesn’t. The benefits of multi-cloud are overshadowed by the increased complexity of ongoing management.

Instead of diversifying, prioritize simple management. Look for best-in-class security. Work with a provider equipped with security intelligence. Ensure they can protect your network against the latest threats.

Final Thoughts

Cloud-based security services can revolutionize how you do business. But misconceptions can derail whole strategies and put any organization at risk.

As a leader in the security space, your clients look to you for accurate information and guidance. When you come across a misconception, gently and respectfully provide your clients with accurate information.

Doing so is in your clients’ best interests—and may even set you up for additional business in the future.

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